Creative Planning Sells 4,393 Shares of J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

Creative Planning reduced its stake in J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) by 44.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,447 shares of the transportation company's stock after selling 4,393 shares during the period. Creative Planning's holdings in J.B. Hunt Transport Services were worth $939,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Versant Capital Management Inc grew its position in J.B. Hunt Transport Services by 382.1% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company's stock valued at $30,000 after purchasing an additional 149 shares during the period. Innealta Capital LLC acquired a new position in shares of J.B. Hunt Transport Services during the second quarter valued at about $31,000. nVerses Capital LLC acquired a new position in shares of J.B. Hunt Transport Services during the second quarter valued at about $32,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of J.B. Hunt Transport Services during the second quarter worth about $36,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of J.B. Hunt Transport Services in the 2nd quarter worth about $40,000. Institutional investors and hedge funds own 74.95% of the company's stock.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT traded up $0.34 during trading on Friday, hitting $180.96. 771,538 shares of the company were exchanged, compared to its average volume of 1,000,189. J.B. Hunt Transport Services, Inc. has a 52-week low of $153.12 and a 52-week high of $219.51. The stock has a 50 day moving average of $172.34 and a 200 day moving average of $166.73. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 1.21. The company has a market cap of $18.25 billion, a PE ratio of 32.90, a P/E/G ratio of 3.10 and a beta of 1.14.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its earnings results on Tuesday, October 15th. The transportation company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.04 billion. During the same quarter last year, the company earned $1.80 EPS. As a group, equities research analysts predict that J.B. Hunt Transport Services, Inc. will post 5.68 EPS for the current year.

J.B. Hunt Transport Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a $0.43 dividend. The ex-dividend date is Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.95%. J.B. Hunt Transport Services's dividend payout ratio (DPR) is presently 31.27%.

Analyst Ratings Changes

A number of brokerages have commented on JBHT. JPMorgan Chase & Co. decreased their price objective on J.B. Hunt Transport Services from $204.00 to $184.00 and set an "overweight" rating for the company in a report on Tuesday, July 9th. Morgan Stanley decreased their price target on J.B. Hunt Transport Services from $162.00 to $160.00 and set an "equal weight" rating for the company in a report on Monday, July 8th. Susquehanna raised their price objective on J.B. Hunt Transport Services from $160.00 to $165.00 and gave the company a "neutral" rating in a research note on Wednesday, October 16th. Loop Capital upped their target price on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a "hold" rating in a research note on Thursday, October 17th. Finally, Stifel Nicolaus increased their target price on shares of J.B. Hunt Transport Services from $151.00 to $167.00 and gave the company a "hold" rating in a report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $187.56.

Insider Activity at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares in the company, valued at $2,476,674.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Darren P. Field sold 3,000 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares in the company, valued at approximately $2,476,674.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Darren P. Field sold 1,500 shares of the company's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the sale, the executive vice president now owns 12,650 shares of the company's stock, valued at approximately $2,321,275. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.